Property partners at top UK law firms warn that the recent spate of major negligence claims against advisers could be the first of many in the sector, following a drop of confidence in the markets.
Negligence disputes have emerged against three national firms so far this month, all arising out of allegedly fraudulent property deals involving Dunlop Haywards – a surveying unit of property services firm Erinaceous. Nationwide launched negligence claims against Eversheds and Browne Jacobson for £20m and around £3m respectively, while Cheshire Building Society is suing Cobbetts for £10m.
